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I was wondering how much money the persons who put it on make? What does the percent payback really mean? When they say 100% payback does that mean they don't make anything?
 

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Good questions, but if you're thinking of starting a new tournament circuit don't quit you're day job. Using All-Star Bass Team just as an example, the stated pay back is 80% on entry fee ($135) and Big Fish ($35) so they keep 20%. For 100 teams thats $2700 they keep from the entry fees and depending on the number of teams that get into the big fish option (say half or 50 teams) they keep another $350. So the minimum they get is $3050 in this case. Then they have Mini-Ts, Maxi-Ts, Senior-Ts, Magnum-Ts where I think they payback 10 entry fees for every 11 that sign up. That's easily another $500 they keep. So roughly $3500 per tournament for All Star with 100 teams before expenses. (I'm assuming they define 80% payback as 80% of the team and big fish entry fees collected not 80% of what's left after expenses are paid. Ask the tournament organizer how they calculate the 80% payback.)

A true 100% payback means the organizer is losing money, unless expenses are being covered by sponsors
 

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